{"id":68617,"date":"2019-07-29T13:12:29","date_gmt":"2019-07-29T05:12:29","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/e1-6-million-for-laser-metal-deposition-pioneer-beam-under-new-ceo.3dm"},"modified":"2019-07-29T13:12:29","modified_gmt":"2019-07-29T05:12:29","slug":"e1-6-million-for-laser-metal-deposition-pioneer-beam-under-new-ceo","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/e1-6-million-for-laser-metal-deposition-pioneer-beam-under-new-ceo\/","title":{"rendered":"\u20ac1.6 million for Laser Metal Deposition pioneer BeAM under new CEO"},"content":{"rendered":"<div id=\"dpsp-content-top\" class=\"dpsp-content-wrapper dpsp-shape-rectangular dpsp-size-medium dpsp-has-spacing dpsp-has-buttons-count dpsp-show-on-mobile dpsp-button-style-1\">\n<div class=\"dpsp-total-share-wrapper\"><span class=\"dpsp-total-share-count\">94<\/span><span>shares<\/span><\/div>\n<ul class=\"dpsp-networks-btns-wrapper dpsp-networks-btns-content dpsp-networks-btns-share dpsp-column-auto\">\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">75<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">19<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">0<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p class=\"p1\"><span class=\"s1\">BeAM Machines, a 3D metal printing startup based in Strasbourg, France, has received a \u20ac1.6 million injection of capital from its shareholders. Following this latest announcement, the OEM\u2019s total capital stands at over \u20ac8 million.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">BeAM has developed a method of directly 3D printing metal parts from CAD files using Laser Metal Deposition and Direct Energy Deposition technologies. The announcement of increased capital follows the appointment of new CEO Vincent Gillet.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>The latest in a series of developments<\/b><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\"> Industry first encountered BeAM at IMTS 2016, shortly before it opened a new 20,000 square foot solutions center in Cincinnati, Ohio to house its US subsidiary. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Speaking to then-CEO (now President) during formnext 2016, Emeric d\u2019Arcimoles <span class=\"s2\">told <a href=\"\/service\/3d-printing\"> Industry<\/span> that \u201cthe best way to invest\u2026money is not into patents but into processes&#8221;, signalling BeAM\u2019s focus not on IP protection to shut down competitors but technological innovation to stay ahead of them.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">In this spirit, BeAM\u2019s latest technological innovation following its <span class=\"s2\">Magic 2.0 3D printer<\/span>, is its <span class=\"s2\">Modulo machine<\/span>, released earlier this year. The Modulo is capable of 5-axis machining of Directed Energy Deposition (DED), and found one of its first customers in France\u2019s <span class=\"s2\">Saint Exup\u00e9ry Institute of Technology<\/span>.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Since then, BeAM has been cultivating its partnerships with both educational and business institutions, such as industrial and technological firms such as Safran and Ir\u00e9pa Laser. <\/span><\/p>\n<p><iframe src=\"https:\/\/www.youtube.com\/embed\/HzxUk0N0Tpo?rel=0\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p class=\"p1\"><span class=\"s1\"><b>New era, same focus<\/b><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">New BeAM CEO Vincent Gillet was appointed in August after a tenure as Business Development General Manager at Luxembourg based-steel giant ArcelorMittal Group. Amongst his priorities were managing the company\u2019s expansion across Europe and the US. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Speaking to <span class=\"s2\">Les Echos<\/span>, Gillet welcomed the \u20ac1.6 million capital injection but stated that \u201cthe real issue is choosing the right business partner, in a field where everybody is looking for one, be it OEMs, machine resellers, or clients who are incorporating these technologies into their manufacturing process\u201d (translated from French).<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">This statement appears to be in line with d\u2019Arcimoles approach of open-innovation, since it implies that BeAM will continue to make its technology and processes available to its partners via its <span class=\"s2\">Alpha Partnership strategy<\/span>.<\/span><\/p>\n<figure id=\"attachment_123278\" style=\"width: 700px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-123278\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/10\/vincent.jpg\" alt=\"Vincent Gillet, BeAM's new CEO.\" width=\"700\" height=\"420\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/10\/vincent.jpg 700w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/10\/vincent-200x120.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/10\/vincent-500x300.jpg 500w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><figcaption class=\"wp-caption-text\">Vincent Gillet, BeAM&#8217;s new CEO.<\/figcaption><\/figure>\n<p><em>BeAM will be at Formnext 2017 from 14-17 November.<\/em><\/p>\n<p>For the latest on innovations and individual businesses in 3D printing, <i>subscribe to our free <a href=\"\/service\/3d-printing\"> Industry newsletter<\/i><span class=\"s1\"><i>, follow us on <\/i><span class=\"s2\"><i>Twitter<\/i><\/span><i>, and like us on <\/i><span class=\"s2\"><i>Facebook<\/i><\/span><i>.<\/i><\/span><\/p>\n<p><em>Featured image shows BeAM Machines&#8217; DED technology in action. Image via BeAM. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>94shares 75 19 0 BeAM Machines, a 3D metal printing startup based in Strasbourg, France, has received a \u20ac1.6 million injection of capital from its shareholders. Following this latest announcement, the OEM\u2019s total capital stands at over \u20ac8 million. BeAM has developed a method of directly 3D printing metal parts from CAD files using Laser [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182615,"comment_status":"open","ping_status":"close","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/10\/vincent.jpg","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170,173],"class_list":["post-68617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","tag-3dprint","tag-3dprinting","tag-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>\u20ac1.6 million for Laser Metal Deposition pioneer BeAM under new CEO - 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